Asian stock markets tend to weaken in trading this morning. It looks like the Yellow Continent stock exchange ‘infected’ Wall Street which is also red.
The New York stock market ended tending to weaken. The Dow Jones Industrial Average (DJIA) and the S&P 500 lost 0.67% and 0.21%, respectively. Only the Nasdaq Composite remained green with a gain of 0.51%.
Like yesterday, investors are still worried about the development of the Coronavirus Disease-2019 / Covid-19 pandemic. As of December 22, 2020, the World Health Organization (WHO) recorded the number of corona positive patients in all countries reaching more than 76 million people, to be exact 76,250,431. Increased 524,065 people (0.69%) compared to the previous day.
In the last 14 days (9-22 December 2020), the average number of new patients increased by 642,698 people every day. It jumped from the previous 14 days, namely 591,185 people per day.
This development has led a number of countries to tighten social distancing. In Ireland, the government will close restaurants, bars and non-essential shops. This policy is likely to last until March 2021.
Britain, which is in the world spotlight for being a ‘victim’ again. The Canadian government will trace its citizens who have visited the UK, they will be checked and obliged to carry out quarantine. The Indian government will do the same.
Joe Biden: The Day of War against Corona Virus
“This is the reality. The darkest days in the war against the corona virus are in front of us, not behind,” said Joseph ‘Joe’ Biden, the Chosen US President, as proclaimed by Reuters.
The gloomy mood of the world ahead of Christmas-New Year made investors on the stock market regularly retreat. No hunting for risky assets, all seeking safety.
It seems that investors are now hunting for gold, which is indeed a safe haven. This morning, world gold prices on the spot pasae rose 0.4% to US $ 1,866.95 / troy ounce. Naturally, Asian stock markets are red because investors fled to the precious metal.
Read now: 20 Crazy Rich Asia (Part 2)